EX-12.1 8 a2213893zex-12_1.htm EX-12.1

Exhibit 12.1

 

Ratio of Earnings to Fixed Charges

 

 

 

Year Ended December 31

 

 

 

2008

 

2009

 

2010

 

2011

 

2012

 

 

 

(thousands, except ratios)

 

Interest costs

 

$

34,313

 

$

22,520

 

$

21,005

 

$

18,987

 

$

21,757

 

Capitalized interest

 

122

 

—

 

—

 

—

 

—

 

Interest factor related to noncapitalized leases

 

1,785

 

5,727

 

5,664

 

6,210

 

5,950

 

Total fixed charges

 

$

36,220

 

$

28,247

 

$

26,669

 

$

25,197

 

$

27,707

 

 

 

 

 

 

 

 

 

 

 

 

 

Income (loss) before income taxes and cumulative effect of accounting changes

 

$

(62,508

)

$

(97,838

)

$

(32,997

)

$

(46,123

)

$

41,803

 

Undistributed (earnings) losses of less than 50% - owned entities, net of distributions

 

—

 

—

 

—

 

—

 

—

 

Total fixed charges

 

36,220

 

28,247

 

26,669

 

25,197

 

27,707

 

Total earnings (losses) before fixed charges

 

$

(26,288

)

$

(69,591

)

$

(6,328

)

$

(20,926

)

$

69,510

 

 

 

 

 

 

 

 

 

 

 

 

 

Ratio of earnings to fixed charges

 

N/A

 

N/A

 

N/A

 

N/A

 

2.51

 

 

 

 

 

 

 

 

 

 

 

 

 

Amount by which earnings are insufficient to cover fixed charges

 

$

62,508

 

$

97,838

 

$

32,997

 

$

46,123

 

N/A